ATOM - Ascending Channel

2021年2月21日

Assuming trend continues for ATOMUSD.
Great entry before next push to the upside. Possible +65% return on hold.

* Below 200 MA on the 1H time frame; great entry price!
* Above 200 MA on the 2H chart for support.
* Above 120 MA on the 2H chart for support.
* Trading inside ascending channel since beginning of Feb 2021.
* After hitting next target high, may crash as low as $25.29. Labeled on chart.
* Measured Support/Resistance at:
- 21.82
- 22.86
- 23.59
- 24.32
- 25.23

I'm still very bullish on ATOM. It didn't get a strong push to the upside after Stargate upgrade as expected but the possibility is still there. When comparing market cap to DOTUSD, I believe ATOM is still very undervalued. This is one to watch out for and now may be our last chance for entries below $22. It' does not pump and dump like the other alt coins. The slow and steady growth is great for long term. The consistent price action inside ascending channel is undeniable.

Good luck trading!